Its a nuanced take.
AI isn’t going anywhere just like the dotcom bubble didnt mean the internet wasn’t huge, it meant that the sector was full of garbage companies getting fat on people not paying attention.
Nvda, open ai, coreweave, Palantir and Oracle to name a few are about to cause a major disruption when the fraudulent accounting becomes mainstream.
Buckle up.
🧡👊🏻🍻
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We will see. The difference in dotcom situation is you had a lot of nobodies without any money and without any customers. All major AI players have money and customers.
Currently I am of the opinion that OpenAI has fraudulent accounting. If they collapse it will be interesting to see what happens. But I’d imagine that xAi would come in and buy all their stuff for a fraction of the money. Realize that you have the world’s biggest companies and richest people behind this. Elon, Google, etc. They can absorb $100 billion collapse easily.